Date: 06/29/2000 8:33 AM
Subject: File No. S7-09-00
To Whom It May Concern,
As a small investor, I think that it is really important that mutual funds
disclose both their pre-tax and after-tax returns. Knowing this information
is critical in making an informed choice especially if the funds are to be
held over a significant period of time in a taxable account.
Sincerely,
Miguel A. Ares